"Costco's Monthly Gold Bar Sales Reach $200 Million: Wells Fargo Analysis"

Costco is reportedly making $100 million to $200 million monthly from selling one-ounce gold bars, with the price of gold soaring 13% this year as investors seek a safe haven from high inflation. The retailer's aggressive pricing and high customer trust have led to significant interest, according to Wells Fargo. Costco's gold bars are so sought-after that they sell out quickly, with Reddit threads dedicated to finding them. The company has raised the purchase limit to five bars and offers insured shipping. Despite the popularity, the low profit margins suggest it's a challenging business.